Kevin O'Leary Gets Triggered
Refused to spend money on two things. Number one, I think everyone knows, is, uh, coffee. I think it's absolutely ridiculous the markup of coffee at Starbucks and Coffee Bean and a lot of those places out there. So I just make it home for 20 cents.
I love this guy! This is exactly what I'm talking about. He's not an idiot; he knows exactly what he's spending his money on. He's got it graphed out; he's very, very conscious of not wasting a single cent. Nothing wrong with that; that's very smart. Coffee is a big money waster; you get really hosed when you buy it.
Also, designer clothing—don't see the point in going and spending 700 on like Gucci shoes. So I end up saving about 99% of my income just because my income is so high and I keep my expenses so low. Most of the properties just kind of like pay for my living expenses. So anything else I make is really just seen as a bonus and I save and invest it.
Now, the one thing I would disagree with them on is buying really cheap clothes. I'd rather say, "Look, that's okay for jeans and a t-shirt maybe, but every once in a while buy a spectacular piece that's going to last you your lifetime." I like to buy great suits.